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    Risk Control Matrix - CSR Identifying Control Risk & Mitigation

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    Abhishek Agrawal
    The document outlines the risks and controls for a company's Corporate Social Responsibility (CSR) program. It identifies 7 key risks including not establishing a CSR committee, lack of monitoring of CSR projects, and not disclosing the CSR policy. For each risk, it describes the type of risk, existing controls, type and frequency of controls, control owners, and relevant documents. The overall purpose is to establish a risk control matrix to identify and mitigate risks for effective implementation and monitoring of the company's CSR program.

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    Risk Control Matrix - CSR Identifying Control Risk & Mitigation

    Uploaded by

    Abhishek Agrawal
    70 views4 pages
    The document outlines the risks and controls for a company's Corporate Social Responsibility (CSR) program. It identifies 7 key risks including not establishing a CSR committee, lack of monitoring of CSR projects, and not disclosing the CSR policy. For each risk, it describes the type of risk, existing controls, type and frequency of controls, control owners, and relevant documents. The overall purpose is to establish a risk control matrix to identify and mitigate risks for effective implementation and monitoring of the company's CSR program.

    Original Title

    RCM - CSR V 1

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    The document outlines the risks and controls for a company's Corporate Social Responsibility (CSR) program. It identifies 7 key risks including not establishing a CSR committee, lack of monitoring of CSR projects, and not disclosing the CSR policy. For each risk, it describes the type of risk, existing controls, type and frequency of controls, control owners, and relevant documents. The overall purpose is to establish a risk control matrix to identify and mitigate risks for effective implementation and monitoring of the company's CSR program.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    70 views4 pages

    Risk Control Matrix - CSR Identifying Control Risk & Mitigation

    Uploaded by

    Abhishek Agrawal
    The document outlines the risks and controls for a company's Corporate Social Responsibility (CSR) program. It identifies 7 key risks including not establishing a CSR committee, lack of monitoring of CSR projects, and not disclosing the CSR policy. For each risk, it describes the type of risk, existing controls, type and frequency of controls, control owners, and relevant documents. The overall purpose is to establish a risk control matrix to identify and mitigate risks for effective implementation and monitoring of the company's CSR program.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    RISK CONTROL MATRIX - CSR

    Identifying Control Risk & Mitigation


    CO. No. Control Objective Sub-Process Risk No

    1 The Company has established CSR committee NA R1


    as required by sec 135 of Companies Act, 2013

    2 Transparent monitoring mechanism instituted NA


    for implementation of the CSR projects or
    programs or activities undertaken by the
    company

    3 Formulation of the CSR policy NA

    4 Monitoring of the CSR policy of the company NA


    from time to time

    5 Disclosure of the content of CSR policy in its NA


    report

    6 Disclosure of CSR policy on the company's NA


    website
    7 Implementation of projects/ programs/ activities NA
    as per the CSR policy
    Control
    What may go wrong Type of Risk Control Description
    No
    The company had not establish CSR Operational C1 Company's has formed a Board level
    committee as required by sec 135 of CSR committee. The committee
    Companies Act, 2013 frequently meet and monitor progress
    of CSR to ensure effectively
    utilization of allocated CSR Budget.
    The committee also review new
    projects to recommend for the
    implementation.

    No transparent monitoring mechanism Operational The company has establish the CSR
    instituted for implementation of the department for the monitoring of
    CSR projects or programs or activities CSR programs undertaken by the
    undertaken by the company. company. With in the department, the
    company has created separate vertical
    for Monitoring and Evaluation to
    ensure transparent mechanism and
    cross check. The company also
    carried out external assessment of
    program as per the requirements.

    The CSR committee not formulated the Operational The company has formulated the
    CSR policy CSR policy which has been disclosed
    in the Director's Report and website

    The CSR committee does not monitor Operational The company does review the CSR
    the CSR policy of the company from policy as per the requirement and
    time to time maintained all versions for records
    with changes.

    The board does not disclose the content Operational The board disclose the content of
    of CSR policy in its report CSR policy in Annual Director's
    Reports
    No disclosure of CSR policy made on Operational The CSR policy is available on
    the company's website website
    The company had not undertaken the Operational The company has undertaken all
    activities included in CSR policy programs in accordance to the CSR
    policy with due approval from CSR
    committee.
    Type 1 (Manual or
    Type 2 (Preventive or Detective) Freq. of control
    Automated)
    Manual Preventive Depend upon task

    Manual Preventive Ongoing

    Manual Preventive Depend upon task

    Manual Preventive Depend upon task

    Manual Preventive Annually

    Manual Preventive Ongoing

    Manual Preventive Ongoing


    Control Owner Documents Reference

    Company Secretary Board Resolution

    CSR Head HR Structures

    Company Secretary Director's Report

    Company Secretary Policy Documents

    Company Secretary Director's Report

    Corporate Communications Website

    CSR Head Director's Report


    CSR Committee Minutes

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